Clinton's Budget Surplus Will Be High,
But Not as High as Bush Would Like

By

Jacob M. Schlesinger Staff Reporter of The Wall Street Journal

Updated Dec. 28, 2000 12:23 a.m. ET

WASHINGTON -- President Clinton is expected to announce as soon as Thursday a sharp increase in projected budget surpluses over the next decade -- but perhaps not as much as his successor, George W. Bush, is hoping for.

The White House could boost its 10-year surplus outlook by about $800 billion from the $4.2 trillion forecast made in July, according to people familiar with the report. That would give President-elect Bush more money with which to pay for his $1.6 trillion tax cut and various spending priorities, which his...